$BTC Bitcoin midday analysis

✅Short-term strategy: Currently in overbought condition, do not chase longs. If the price pulls back and stabilizes around 77,800-77,900, consider a small long position, targeting 78,164-78,300, with a stop below 77,700.
✅Long-term strategy: If the price directly surges to 78,300-78,500 and encounters resistance and falls back, consider a small short position, targeting 77,800-77,500, with a stop above 78,600.
4 hours
The 4-hour chart is still oscillating at high levels, the Bollinger Bands are not opening much, and the MACD death cross has not fully recovered. The current rise seems more driven by short-term sentiment rather than a trend-level breakout, with resistance at 78,300-78,500 being quite evident.
15/1 hours
The 15-minute chart broke above the upper Bollinger Band, boosting bullish sentiment, and the MACD red bars are expanding, indicating increasing buying momentum. However, RSI is a bit high, overbought in the short term, and pushing higher could easily lead to a pullback, so avoid chasing the top.
The 1-hour chart just broke above the upper Bollinger Band, with support around 77,500. As long as the pullback does not break below this level, the bulls still have momentum.
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